House Hearing on GSEs Proceeds as Snow Falls

Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.

By Heather Anderson|March 06, 2013 at 04:00 AM

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Despite an approaching winter storm and big, fat snowflakes falling in Washington, the House Financial Services subcommittee on Capital Markets and Government Sponsored Enterprises went forward with plans to hear from mostly academic witnesses at a Wednesday morning hearing on how government policy at Fannie Mae and Freddie Mac failed homeowners and led to the financial crisis.